NEW YORK and LONDON, February 2013 – OpenGamma, creators of the first open source analytics and risk management platform for the financial services industry, today announced that it has been named to Fast Company’s annual list of the “World’s 50 Most Innovative Companies”. The magazine selected OpenGamma as the second most innovative company in the category of finance due to it exemplifying the best in business from across the economy and around the globe.
OpenGamma was singled out among the “World’s Top 10 Most Innovative Companies in Finance” for cracking the secret world of capital markets by creating open source risk management software, according to Fast Company. It joins Square, PayPal and American Express on the 2013 list of the most innovative global finance companies for making the greatest industry and cultural impact. Fast Company selected OpenGamma to be among the top of the global economy after spending months gathering and sifting data, to identify those enterprises that especially deserve recognition for not only their innovations, but progressive business models and an ethos of creativity.
“It is an honor to join Apple, Amazon and Google on Fast Company’s “Most Innovative” list,” said Kirk Wylie, Co-founder and CEO of OpenGamma. “This recognition illustrates our dedication to innovation and work to radically change the levels of transparency related to risk analytics within capital markets. Our inclusion on Fast Companys list demonstrates OpenGammas enthusiasm and mission to change how the financial services industry views their risk infrastructures, navigates today’s volatile regulatory environment, and accesses and deploys the most cost-effective, powerful risk analytics tools available.”
The Fast Company recognition follows a year of positive industry accolades for OpenGamma in 2012, including the company being selected as one of Risk Magazines Firms of the Future, highlighting a select group of organizations forecasted to have the biggest impact on the OTC derivatives market over the next five years. OpenGamma was also honored as “Top Innovator” among the most promising financial technology and financial services start-ups during the European showcase of the Innotribe Startup Challenge, and selected as the second most innovative specialist during a 2012 Risk Magazine customer survey of risk technology. The company recently appointed industry veteran and former senior manager at Calypso Technology, Mas Nakachi, as Global COO and CEO, North America to manage global industry demand for the OpenGamma Platform.
Fast Company’s Most Innovative Companies issue (March 2013) is on newsstands beginning February 19th and available online at www.fastcompany.com/MIC as well as in app form via iTunes.
OpenGamma was founded in 2009 to develop an open platform for analytics and risk management for the financial services industry. The companys flagship technology product, the OpenGamma Platform, is designed to allow financial services firms to unify their calculation of analytics across the traditional trading and risk management boundaries. The company is headquartered in London with an office in New York.
About Fast Company
Fast Company is the world’s leading progressive business-media brand, with a unique editorial focus on innovation in technology, ethonomics (ethical economics), leadership, and design. In print and through digital and social channels, as well as live events, Fast Company reports on and addresses the most progressive business leaders. Editor Robert Safian was named AdWeek’s Editor of the Year in 2009. Under the leadership of publisher Christine Osekoski, Fast Company made AdWeek’s Hot List for three consecutive years, and FastCompany.com executive editor Noah Robischon has tripled traffic and revenue. Fast Company is owned by Joe Mansueto, founder, chairman, and CEO of Morningstar, a leading provider of independent investment research.